News > Even with Low Tariffs, Why Growth in India's Solar Sector Is Slumping

Even with Low Tariffs, Why Growth in India's Solar Sector Is Slumping

At first glance, all seems well in India’s solar sector. Its tariffs continue to crash.  At the Solar Energy Corporation of India (SECI)’s auction last November, Green India Wind Energy, one of Sembcorp’s India investments, won after bidding ₹2 per unit.

And yet, look beneath these bids and you will find chaos and tumult. To take one instance, investments into the sector are slowing. Even after COVID-19, industry executives do not expect growth to accelerate dramatically.